Dear Lead At-Large Members:
Below is a communication that Bob Schwartz shared with his circuit. I
think it would be good to distribute this in all circuits. Enjoy your
weekend!
Brenda
Dear Fellow Palm Beach County Members of the Real Property Probate & Trust
Law Section:
From Melissa Murphy:
“A new scam is out there in which fraudsters are impersonating existing
title agencies by setting up a domain name, a website, and a bank account
under names very similar to legitimate title agencies. They identify a
property, impersonate the owner, and contact a real estate broker or agent
to list the property for sale. A buyer is identified, and somehow the
appearance of a legitimate closing takes place — enough to get the buyer to
send money, in the form of a significant earnest money deposit, to the fake
title agency acting as the escrow agent. At that point, the damage is done.
I have been told that the fake title agency has even produced fake title
commitments in order to continue the appearance of legitimacy. It is the
Realtors who are being duped in this situation, so you should make sure
your realtor partners are aware of this scam! I am trying to learn more
about the prevalence of this fraud and how to combat it, so if you have
heard of any instances, please pass them along.”
BE ADVISED & BE CAREFUL
As always, should you have any questions feel free to give me a call.
Bob Schwartz, RPPTL Section Lead At Large Member for the 15th Judicial
Circuit
Robert M. Schwartz, Esq., B.C.S.
FLORIDA BAR BOARD CERTIFIED REAL ESTATE LAWYER
ROBERT MARC SCHWARTZ, P.A.
4700 NW Boca Raton Blvd., Suite 104
Boca Raton, FL 33431-4860
Phone (561) 241-1850
Fax (561) 241-1845
Christine@RobertSchwartzPA.Com
WWW.RobertSchwartzPA.Com
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